… if
the US decides to introduce import duties, then according to Malmström, the EU
has no choice but to do the same...

·Peter
Navarro: New tariffs won't lead to trade war with Europe

·UK News: New US tariffs to hit pork exports

Europeans keep out hope for talks with US over tariffs

By Associated Press | New Berlin

via NY1 Brooklyn | Oct. 04, 2019

BERLIN (AP) — European officials said Friday they hope to
engage the U.S. in talks on the new tariffs it has imposed on the EU, but are
ready to respond with taxes on American goods if needed.

German Foreign Minister Heiko Maas said that the U.S.
government is “going down the path of confrontation,” after the Trump
administration slapped hefty taxes on EU goods.

The U.S. imposed the tariffs after getting approval from
the World Trade Organization over European subsidies for plane-maker Airbus.
The EU is expecting a similar ruling over U.S. subsidies for Boeing that would
allow it to set tariffs on American goods.

“The EU must react and probably raise punitive tariffs
itself after WTO approval,” Maas wrote on Twitter, in an apparent reference to
a similar WTO case involving Boeing.

Maas, however, said that the EU “remains prepared to jointly
negotiate rules for subsidies to the aircraft industry.”

“We can still avert further damage,” he wrote.

The U.S. tariffs do not go into effect before Oct. 18,
leaving some space for negotiations.

The Spanish government echoed that hope.

Minister of Agriculture Luis Planas said, “there is still
a margin for negotiation.”

“The government of Spain will bring to bear all the
pressure (it can),” he said.

Planas said Spain was going to push the European
Commission to have the agricultural products removed from the American list.

He said the government would be supporting its producers
of olive oil, olives, pork products...

The United States is imposing import tariffs of 25 percent
on a range of European products. These include cheese, pork, butter, mussels
and pears from the Netherlands, according to a list published by American trade
envoy Robert Lightizer on Wednesday. The tariffs take effect on October 18th.

The extensive list includes a many cheeses and dairy
products that will be taxed at the high rate if they are produced in the
Netherlands. A preliminary list of tariffs specifically included some of the most
well-known Dutch cheeses. Edam and Gouda cheese, or any products derivative of
those cheeses, were on the list of products from the Netherlands subject to a
25 percent import tax. However, the final list says only Edam and Gouda
varieties produced in Germany, Spain and the U.K. will be hit with the
additional tax.

Earlier this year, after Donald Trump threatened the EU
with higher import tariffs, Rabobank analyst Richard Scheper said that Trump's
cheese tax will likely not hurt Dutch dairy exporters. According to him, the
pain will likely be felt more by American individuals than by Dutch businesses.
Because Dutch cheese is already positioned as more of an extravagance on the
American market, U.S. consumers will be willing to spend extra on items that
are already considered to be expensive by comparison to more typical cheese
sold in American supermarkets, he said.

On Wednesday the World Trade Organization (WTO) ruled that
the United States is allowed to introduce import duties on 7.5 billion euros of
European products, NOS reports. The WTO concluded that aircraft manufacturer
Airbus received illegal state aid from various European Union member states,
resulting in the United States suffering damages. Those damages may now be
compensated by means of import tariffs.

The EU and the US have been fighting about support for
large aircraft manufacturers since 2004. The EU argues that the Americans also
gave state aid to their aircraft manufacturer Boeing. A definite ruling on this
case by the WTO is expected next year.

In a written response, EU Trade Commissioner Cecilia
Malmström said that the European Union wanted to get through this with the
United States in an honest way. But if the US decides to introduce import
duties, then according to Malmström, the EU has no choice but to do the same...

Peter Navarro, White House assistant for trade and manufacturing
policy, says the World Trade Organization’s judgment in favor of the United
States won’t be the start of a tit-for-tat trade war with Europe.

“This was a case that was filed with the World Trade
Organization, it went through 15 years, and there was a judgment,” Navarro told
FOX Business’ “Mornings with Maria” on Thursday. “Under the rules of the WTO,
the judgment will be enforced, and there can be no retaliation.”

The WTO on Wednesday ruled the U.S. can impose tariffs on
$7.5 billion worth of European Union goods due to Airbus receiving illegal
subsidies for more than a decade. The ruling was the biggest reward in WTO
history by a factor of two.

“The U.S. won a $7.5 Billion award from the World Trade
Organization against the European Union, who has for many years treated the USA
very badly on Trade due to Tariffs, Trade Barriers, and more,” Trump tweeted.
“This case going on for years, a nice victory!

The tariffs, which are set to go into effect on Oct. 18,
are expected to be 10 percent on large commercial aircraft and 25 percent on
agricultural and other industrial goods. European cheese, olives and whiskey
are among the goods that will be hit with the tariffs.

The E.U. has vowed to retaliate if the U.S. imposed
countermeasures...

The Trump administration has imposed a new tariff of 25%
on pork products from the EU as the trade dispute between the US and EU
escalates.

The tariffs, which it is reported could come into force
from October 18, will cover a range of pork products and other goods shipped
from the EU – worth around £6bn in total – including Scotch whisky, cheese and
other dairy products, fruit, seafood, wine and clothing.

The tariffs have been imposed in retaliation for
subsidies given to the aerospace group Airbus. The announcement follows a WTO
ruling stating that the US can be authorised to apply tariffs worth $7.497
billion annually on the UK, France, Germany, Spain (‘the Airbus nations’) and
the wider EU.

In the first seven months of this year, the UK exported
6,768 tonnes of pork to the US, our second largest no-EU destination behind
China (38,619t). While the volumes are significantly lower than the Chinese
export volumes, the US is an important market for high value pork cuts, with
Karro the biggest player in this market.

The US has also imposed a 10% levy on EU-made airplanes
that could hurt US airlines that have ordered billions of dollars of Airbus
aircraft.

The Department for International Trade said: “The UK
government is clear that resorting to tariffs is not in the interests of the
UK, EU or US. We are working closely with the US, EU and European partners to
support a negotiated settlement to the Airbus and Boeing disputes.

“We are also seeking confirmation from the WTO that the
UK has complied fully with WTO rulings regarding support to Airbus, and should
not be subject to tariffs.”

The tariffs, another chapter on the growing global trade
tensions, will add unwelcome costs to the trade.